New Savings Options
Two New Smart Ways to Save!
Whether you're an individual just beginning a savings plan or a business owner looking for ways to put your business funds to work for you, we have two new smart savings options to help you earn more.
New Super Money Market Account
Earn a guaranteed introductory interest rate of 1.25% for six months on all account balances with our new Super Money Market Account. Following the introductory period, you'll earn competitive rates with the opportunity to earn higher rates with higher balances (Annual Percentage Yield (APY) of 0.68% to 1.08%, based on balances). Plus, you'll have access to your funds whenever you wish, and when you maintain balances of $25,000 or more in your Super Money Market Account, your savings will grow fee-free.1
Special-Rate 17-Month CD
If strong return is your primary goal and you don't need access to your funds in the near term, a Certificate of Deposit Account (CD) is a smart choice. Our 17-Month CD delivers a great return with an Annual Percentage Yield (APY) of 1.50%.2
What's more, balances in both the Super Money Market Account and the 17-Month CD are FDIC-insured, up to maximum allowable limits, so you can rest assured your savings are secure.3
Open a Super Money Market Account or a 17-Month CD today by visiting your local Burke & Herbert Bank branch, or call us at 703-684-1655.
1 The introductory 1.25% interest rate is guaranteed for six months from the date of account opening. After the introductory period (six months), you will receive our standard Interest Rate/Annual Percentage Yields (APYs) as follows (accurate as of 2/2/18):
The APY shown above is a blended APY calculated using the Introductory Interest Rate and the Interest Rate after the introductory period. This is a variable-rate account subject to change without notice. $1,000 minimum deposit to open. $10 monthly fee if average daily balance is less than $25,000. Six transactions per monthly statement cycle; $2 fee per transaction thereafter. Fees could reduce earnings.
2 1.50% APY is available on a new 17-month Certificate of Deposit opened with a minimum of $5,000 up to a maximum of $500,000. APY is accurate as of 2/2/18. A penalty may be charged for early withdrawal. Fees may reduce earnings. No additional deposit may be made to the CD during the term.
3 Each depositor is insured to at least $250,000.